A company must accrue for estimated future returns at the end of the period in which the related sales revenue is recognized --- True
<h3>What does sales mean?</h3>
Income is income from products and services before deduction of costs. It is typically calculated over a defined period of time, such as a fiscal year or quarter. From an accounting perspective, turnover is a component of a company's turnover. In the income statement, turnover is usually called gross turnover. Companies can also report net sales. This is the result of subtracting returns from gross sales.
<h3>Why Sales Revenue Matter ?</h3>
Revenue is the first metric reported on the income statement. There are good reasons for this. This represents the starting point for a company to determine its net profit.
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Answer:
Traditional financial guidelines suggest that your home should cost about five times your annual income
Explanation:
Renting an apartment would be less costly initially till the point present value of rental payments equals the purchase cost of the apartment, beyond which such an alternative turns costly.
Individuals need to decide whether to rent or buy in the light of financial factors, lifestyle preferences, etc. Financial factors relate to the availability of finance to fund buying and how steady the finance could be in next few years.
The property owner is eligible for tax deductions with respect to interest payable on home loan and property taxes paid during the period. Such deductions are not available to the tenant.
Answer:
222
Explanation:
Economic Order Quantity = √[(2XCₒXD)/Cₕ]
Where:
Cₕ = cost of holding a unit of inventory for a year
Cₒ = cost of placing an order
D = annual demand
Ordering cost, Cₒ= $166
Annual demand, D= 4,153
Inventory holding cost, per item per year, Cₕ = $28
Economic Order Quantity = √[(2X166X4153)/28]
=√[1378796/28]
=√49242.71
=221.9
=222
The Annual Number of Orders to be placed is 222.
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Answer: NINJA IG you pick one lol
Explanation:
